Step aside, Snow White! There’s a new poison apple in town … Bryce Tuohey of SteadyTrade Treats is taking a big bite of the latest stock market conspiracy theory.
It’s no secret that the Fed’s been pumping up the market. It’s pouring hundreds of millions of dollars into the economy every single day.
Why? To keep companies from going bankrupt, natch.
But could it be benefiting the government, too?
In the past few months, the Fed has added $1.3 billion into individual companies through corporate bonds, and even more through ETFs…
One of the biggest recipients of these funds? Apple Inc. (NASDAQ: AAPL).
The top stocks tend to lead the market. So when Apple goes up, it drives the market up…
But does that send a misleading message about the economy’s health?
But wait, there’s more. On October 13, Apple revealed the new iPhone 12. It’s priced between $800 and $1,100.
Around the same time, the government revealed that Americans are getting another $1,200 stimulus check.
Is it a coincidence that we’re all being given pretty much the exact amount needed to buy a new iPhone … and potentially bolster the economy?
What do you think? Leave a comment — we love hearing from you!